Lifeway Foods issues statement after Danone’s withdrawal of acquisition

Lifeway Foods (LWAY) issued a statement following Danone’s (DANOY) withdrawal of its proposal to acquire Lifeway: “We remain firmly committed to driving value for Lifeway shareholders by executing our strategic plan and continuing to explore value enhancing opportunities. As part of the exploration of all opportunities to maximize shareholder value, the Board formed a Strategic Review Committee, comprised solely of independent directors, to oversee the process, and the company engaged extensively with Danone. With the distraction of Danone’s unsolicited proposal now behind us, we will continue to focus on executing our growth strategy to create value for all our shareholders, employees, partners and customers. The Company is delivering results, with record-breaking sales in both Q1 and Q2 2025 and continued momentum into Q3…”